Hi
My client received IT Notice asking for details of Pl account & Balance Sheet.
He is in the business in Insurance & Mediclaim advisor.
He is having bungalow at his native place costing Rs. 5 lac.
My question is, Is he required to show this in his Balance Sheet? If yes under which head?
Thanks in advance.
Question is not clear
Has the assessee opted for 44AD? For commission income, 44AD cannot be opted.
What is his annual income?
According to the CATEGORY of income he will hv to choose his itr form and file returns.
SSGS and Associates
Chennai
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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